12/09/2019
Deutsche Bank staffers cleared but bank fined in money laundering case
Sources close to the investigation said as recently as July that prosecutors were set to escalate the investigation
Regulation, Risk & Compliance
12/08/2019
IFCs must contribute to the evolution of the corporate tax landscape by Geoff Cook
If this steams ahead, there is the potential for a seismic shift that could have a significant impact on cross-border trade and investment.
12/08/2019
Continuing Requirements under the Securities Investment Business Law
We recommend that our clients and prospective clients seek legal advice in Cayman on their specific proposals before taking steps to implement them.
12/08/2019
Vatican investments linked to global money laundering investigations
Swiss financial news sites also linked the bank to an alleged $62 million bribe paid to a PDVSA official.
12/06/2019
Furbert committed to working with trust industry
Mr Furbert said the Government is committed to continuing to work with the private client pillar, and industry in general, to ensure that Bermuda remains a premier jurisdiction.
12/06/2019
New appellate guidance on the Duomatic principle
Mr Dickinson instructed solicitors to prepare documentation to transfer the property to his name.
12/06/2019
Council sets strategic priorities for AML/CFT reform
The conclusions point to significant recent enhancements to the AML regulatory framework.
12/06/2019
Bahamas Showcased To Middle East Clients
The BFSB also arranged high-level meetings for Mr Johnson along with BFSB directors.
12/06/2019
Q3 2019 Cryptocurrency Anti-Money Laundering Report
It will no doubt have implications as regulators seek to have KYC information shared globally.
12/06/2019
Seychelles' President will not sign public salary bill; pension fund acquisition on hold
Therefore the transaction between the Pension Fund and Cable and Wireless is on hold, whilst the law is passed and approved so that the legal process is done.
12/05/2019
Collas Crill Explains... Taking Security Over Jersey Contract Rights
This guide looks at the key things you need to know about taking security over Jersey contract rights
12/05/2019
Revised Draft Guidance On Economic Substance In Th Cayman Island
While remaining a work in progress, the revised guidance provides detailed and helpful sector specific commentary including illustrative examples with respect to typical scenarios.
12/05/2019
Bermuda Offers Safe Haven for Shipping Companies from Winds of Change
These changes, along with changes that permit competitive fee pricing for shipping groups that register multiple vessels and/or use a Bermuda-incorporated vessel owning entity and have a principal place of business in Bermuda, make Bermuda a more attracti
12/05/2019
Securities Investment Business in the Cayman Islands
We recommend that our clients seek legal advice in the Cayman Islands on their specific proposals before taking steps to implement them.
12/05/2019
Europe to Face More Money-Laundering Scandals, Netherlands Says
EU finance chiefs call for anti-money laundering agency
12/05/2019
Don’t worry about France, pursue other jurisdictions – says former BICA president
In a communication to Parliament, Deputy Prime Minister K Peter Turnquest expressed anger over the shock move.
12/04/2019
Premier says concerns regarding the referendum “have been realised"
“We will now need to await the judicial review in January before having a clear idea as to the way forward."
12/04/2019
Economic substance: it's all about the documentation
The most important thing is for everyone involved in the industry to be diligent in recording what decisions were taken, and why.
12/03/2019
EU Council rejects corporate tax transparency directive
The Organisation for Economic Cooperation and Development adopted country-by-country tax reporting for large multinational companies as part of the Base Erosion Profit Shifting initiative, but the information is not made public.
11/29/2019
Bahamas Targets Middle East On Financial Services
The objective of the STEP Arabia conference was to provide delegates with the latest regional legacy planning developments and practical examples from professionals in the field of trust and estate planning.